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The funds a company uses to purchase a fixed asset are.

A. accumulated depreciation
B. accounts receivable
c. capital expenditure D. Depreciation expenses

User Benbenw
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1 Answer

4 votes

Answer:

c. capital expenditure

Step-by-step explanation:

An "asset" is something of value that is being owned by either an individual or a company. "Fixed assets" refer to assets other than cash. Examples of these are: buildings, equipment and land. These are being purchased for the purpose of a long-term objective. It is a "capital expenditure" of a company because the company spent money in order to acquire it and is expecting gains for its long-term purpose.

User Balakumar B
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